Here’s the midday Bitcoin trend analysis for December 4.

First, the key levels: If BTC breaks above 93,714 with significant volume and holds above this price on the hourly chart, you can consider chasing long on the right side, but remember to set a stop-loss if it pulls back. If 92,880 is broken with volume and fails to rebound above, chase short on the right side, and also set a stop-loss if it pulls back—keep a close eye on volume changes, strict stop-losses are a must.

Pay attention to a retracement near 91,688. If there’s a false breakdown followed by a quick rebound, you can take a light long position, with the stop-loss at the low of the false breakdown or at 90,681. If it doesn’t rebound, don’t force a trade.

Looking up, if BTC breaks and holds above 93,592 on the hourly chart, the targets are 94,573, 95,583, and 96,677 in sequence. If it really breaks 93,592, it could keep flying higher. For those considering shorts, watch 96,088 above; if there’s a 2B false breakout, you can short a position. If it breaks and holds above 97,351, take your loss and stop out. Conservative traders can wait to go long near 90,457, and exit if it breaks below 89,229.

Currently, the hourly highs and lows are all rising—are you still trying to short against the trend? At least I see no bearish signals. Many people were probably spooked by yesterday’s big bearish candle with huge volume, right? But look closely—there was huge volume, but did the price follow?

Compared to previous drops after similar volume spikes, this time the price drop is clearly insufficient. This is a classic case of high volume with little price movement—volume and price divergence. Simply put, the market is trying to scare you. Besides, the drop hit the 91,953 support and immediately rebounded, making a higher high. Did you get shaken out by that bearish candle?

Remember: as long as the pullback doesn’t break below 91,953, the uptrend marked in the red box on the chart remains intact. If it breaks out of the triangle consolidation and moves above 94,000, just wait for it to test 96,000. Only if it breaks below 91,953 will the downtrend continue, with a possible move to around 90,200. If it breaks 90,200, then the bullish trend is truly reversed.

If we get another pullback to 91,953, go long right away, but exit if it breaks down—right now it’s a bullish trend, don’t go against it. The only risk is not getting the chance. Bears should change their mindset; currently, shorts can only capture pullbacks—only a break below key levels can open up more downside potential.

Resistance: 93,592 / 94,573 / 95,583
Support: 92,621 / 91,651 / 90,718
On the 4-hour chart, if it breaks below 92,543, look for 91,666 and 90,204 below.

That’s all.